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## If interest is compounded semi-annually, which expression represents the account balance in t years?

Question

If interest is compounded semi-annually, which expression

represents the account balance in t years?

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Mathematics
6 months
2021-08-18T18:25:27+00:00
2021-08-18T18:25:27+00:00 1 Answers
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## Answers ( )

Answer:The equation to represent the account balance in t years

Step-by-step explanation:Given the compound interest equation

here

A represents Accrued Amount (principal + interest)

P represents Principal Amount

I represent Interest Amount

r represents the Annual interest rate

t represents Time Involved in years

n represents the number of compounding periods per unit t

As we are given that the interest is compounded semi-annually

i.e. n = 2

so substituting n = 2 in the equation

∵ n = 2

Thus, the equation to represent the account balance in t years